BREAKINGVIEWS-Tariff turnabouts send US corporate heads spinning

Reuters

Dec 05, 2024

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)

By Gabriel Rubin

WASHINGTON, Dec 5 (Reuters Breakingviews) - Donald Trump has threatened import levies ranging from 10% to 100% on Mexico, China, South Africa and everywhere in between. Based on recent earnings calls, CEOs see the president-elect’s gyrations as negotiating tactics. They’ll nevertheless be forced to prepare for the worst.

Full view will be published shortly.

Follow @Rubinations on X

CONTEXT NEWS

U.S. President-elect Donald Trump said on Nov. 25 that he would impose large tariffs on Canada, Mexico and China, three of the country’s top trade partners.

Following a call with Mexican President Claudia Sheinbaum, Trump suggested that his proposed 25% tariff on imports could be rescinded in exchange for cooperation on migration issues. Canadian Prime Minister Justin Trudeau flew to Trump’s club in Florida on Nov. 30 to discuss trade and migration.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Trump threatens North American trade growth

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

(Editing by Jeffrey Goldfarb and Pranav Kiran)

((For previous columns by the author, Reuters customers can click on gabriel.rubin@thomsonreuters.com))

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The opinions expressed are his own.)</p><p>   By Gabriel Rubin</p><p>      WASHINGTON, Dec 5 (Reuters Breakingviews) - Donald Trump has threatened import levies ranging from 10% to 100% on Mexico, China, South Africa and everywhere in between. Based on recent earnings calls, CEOs see the president-elect’s gyrations as negotiating tactics. They’ll nevertheless be forced to prepare for the worst.</p><p>    Full view will be published shortly.</p><p>   Follow @Rubinations on X</p><p>   CONTEXT NEWS</p><p>   U.S. President-elect Donald Trump said on Nov. 25 that he would impose large tariffs on Canada, Mexico and China, three of the country’s top trade partners.</p><p>   Following a call with Mexican President Claudia Sheinbaum, Trump suggested that his proposed 25% tariff on imports could be rescinded in exchange for cooperation on migration issues. 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